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Tag: natural gas


Energy, Industry Focus Areas

The Engineering Unlocking America’s Energy Potential

December 20, 2023

Via: Industry Today

Ask the average person today about new engineering feats in the energy world and they’re most likely to bring up renewables. While these new and promising forms of energy are undoubtedly deserving of attention, incredible progress in established energy sources […]


Energy, Industry Focus Areas

BP Profits Are Cut in Half to $2.6 Billion

August 1, 2023

Via: Transport Topics

Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first three months of the year as oil and natural gas prices that surged after Russia’s invasion […]


Energy, Industry Focus Areas

Shell Earnings Top $5 Billion in Q2

July 27, 2023

Via: Transport Topics

Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged. The British […]


Energy, Industry Focus Areas

Abu Dhabi to Sell 4% of Natural-Gas Business in IPO

February 17, 2023

Via: The Wall Street Journal

The United Arab Emirates’ national energy company plans to sell a stake of about 4% of its natural-gas business in an initial public offering that it hopes will raise $2 billion, as Middle East petrostates increase plans to supply Europe. […]


Energy, Industry Focus Areas

House Republicans Seek New Restrictions on Use of Oil Stockpile

January 30, 2023

Via: Transport Topics

For the second time this January, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat. A GOP bill approved Jan. 27 […]


Energy, Industry Focus Areas

BP Buys Renewable Natural Gas Company

October 17, 2022

Via: The Wall Street Journal

Archaea Energy Inc. LFG -4.90%▼ said Monday it is being bought by BP BP -2.63%▼ PLC for $26 a share in cash, or a total enterprise value of $4.1 billion, including $800 million of net debt. The cash consideration represents […]


Energy, Industry Focus Areas

Shell Braces for Profit Hit From Volatile Natural-Gas Prices

October 6, 2022

Via: The Wall Street Journal

Shell SHEL -4.52%▼ PLC said it expects its third-quarter earnings to be hit by lower refining margins along with “significantly lower” profit from trading gas, as a global scramble for energy supplies riles markets. The London-based company said Thursday in […]


Energy, Industry Focus Areas

Gas Shortage Forces Power Plants to Switch to Oil, Boosting Demand

October 14, 2021

Via: The Wall Street Journal

Soaring natural-gas and coal prices are pressuring power-generation companies and manufacturers to switch to using oil, a trend that could add half a million barrels a day to global demand, the International Energy Agency said Thursday. In its monthly market […]


Energy, Industry Focus Areas

Chevron CEO Warns of High Energy Prices, Supply Crunches

September 16, 2021

Via: Transport Topics

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. “There are things that are interfering with market signals right now […]


Energy, Industry Focus Areas

No Hurricane Has Hit US Energy Markets Like Ida Has

September 8, 2021

Via: Transport Topics

Just over 20% of U.S. Gulf of Mexico oil and natural gas production is back online after Hurricane Ida battered southeast Louisiana, marking an even slower comeback than in the wake of Katrina. More than a week after the Category […]


Energy, Industry Focus Areas

Saudi-Owned Motiva Suspends $6.6 Billion Petrochemical Expansion

July 19, 2021

Via: The Wall Street Journal

Saudi-owned Motiva Enterprises LLC suspended a $6.6 billion plan to add petrochemical facilities to its refining operations in Port Arthur, Texas, according to people familiar with the matter. The decision to halt the project—which had envisioned the creation of the […]


Energy, Industry Focus Areas

How to reduce natural gas dependency at your facility

March 8, 2021

Via: Plant Services

In many countries, the alignment of clean energy transitions and the COVID-19 recovery is opening new possibilities. This is clearly high on the policy agenda of the new U.S. administration. Customers, investors, and stakeholders are increasingly making consequential decisions to […]


Energy, Industry Focus Areas

Natural-Gas Drillers Outshine Oil Peers as Covid-19 Surges

November 3, 2020

Via: The Wall Street Journal

A split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as […]


Energy, Industry Focus Areas

Massachusetts directs agency to study phase-out of natural gas

June 5, 2020

Via: Reuters

If the state’s Department of Public Utilities opens the investigation, Massachusetts would become the third state to launch a formal process to phase out natural gas, the office of Attorney General Maura Healey said in a statement. California and New […]


Energy, Industry Focus Areas

Atlanta Gas Light Honors Seniors During Older Americans Month

May 6, 2019

Via: PR Newswire

ATLANTA, May 6, 2019 /PRNewswire/ — May is National Older Americans Month and to celebrate, Atlanta Gas Light is reminding its customers about the company’s Senior Citizen Discount. “Every family deserves reliable energy at a price they can afford,” said […]


Energy, Industry Focus Areas

Antero Resources completes $1B delevering program

September 21, 2017

Via: Penn Energy

Antero Resources Corp. (NYSE: AR) has monetized over $1 billion of non-exploration and production assets including the previously announced sale of 10 million common units representing limited partner interests in Antero Midstream Partners LP (NYSE: AM) and the restructuring of […]


Energy, Industry Focus Areas

US rig count rises 8 this week to 885; Texas up 8

May 15, 2017

Via: Penn Energy

The number of rigs exploring for oil and natural gas in the U.S. rose by eight this week to 885. A year ago, only 406 rigs were active amid a slump in energy prices. Houston oilfield services company Baker Hughes […]